The oracle track has attracted traditional financial giants to step into the game themselves. This move by Pyth is quite interesting.

Crypto World News reports that Pyth's price rebounded to approximately $0.039 this week, drawing recent attention. Pyth is expanding from blockchain oracle services to institutional market data services, competing with traditional information providers. Data comes from exchanges, market makers, and others, with Whale Factor noting that companies like Jane Street, CBOE, Jump Trading, and Virtu publish pricing information through this network. Despite growth, the Pyth token remains far below its historical high of about $0.0388, down over 96% from the March 2024 peak of $1.20.